Daimler supports BAIC’s planned IPO with acquisition of 12% stake

Daimler AG has announced the closing of the transaction to acquire a 12% stake in its Chinese partner, BAIC Motor. The German company said it had received approval from the Chinese authorities to acquire this stake. Subscribe to Automotive World to continue reading Sign up now and gain unlimited access to our news, analysis, data, … Continued

Daimler AG has announced the closing of the transaction to acquire a 12% stake in its Chinese partner, BAIC Motor. The German company said it had received approval from the Chinese authorities to acquire this stake.

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https://www.automotiveworld.com/articles/daimler-expresses-support-baic-motors-planned-ipo-buys-12-stake/

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